Although not going anywhere nearly as far as the League proposed, the Act alters the rates and structure of the Maryland personal income tax making it somewhat more progressive. Increased tax rates beginning with tax year 2008 will apply to incomes above $150,000 for single filers and $200,000 for joint filers with a top rate of 5.5% for incomes over $500,000 for both single and joint filers. Previously, the highest rate was 5% for all filers with incomes over $3,000. There will be an increased personal exemption (from $2,400 to $3,200) and an expanded Earned Income Tax Credit for low income filers.